Foster Group Inc. Purchases 832 Shares of Infosys Limited (NYSE:INFY)

Foster Group Inc. raised its position in shares of Infosys Limited (NYSE:INFY) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,421 shares of the technology company’s stock after purchasing an additional 832 shares during the period. Foster Group Inc.’s holdings in Infosys were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. BSW Wealth Partners boosted its stake in shares of Infosys by 3.9% in the 4th quarter. BSW Wealth Partners now owns 20,989 shares of the technology company’s stock valued at $460,000 after purchasing an additional 790 shares in the last quarter. Matthews International Capital Management LLC boosted its position in Infosys by 975.1% during the fourth quarter. Matthews International Capital Management LLC now owns 266,270 shares of the technology company’s stock valued at $5,837,000 after buying an additional 241,503 shares during the period. Baldwin Wealth Partners LLC MA boosted its position in Infosys by 45.6% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 15,532 shares of the technology company’s stock valued at $340,000 after buying an additional 4,867 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Infosys in the fourth quarter worth about $508,000. Finally, Blue Trust Inc. increased its holdings in shares of Infosys by 61.2% in the fourth quarter. Blue Trust Inc. now owns 76,065 shares of the technology company’s stock worth $1,694,000 after buying an additional 28,880 shares during the period. Institutional investors own 16.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on INFY. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. BMO Capital Markets boosted their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Price Performance

INFY stock opened at $21.71 on Thursday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The firm has a 50-day moving average of $22.48 and a 200 day moving average of $22.30. The company has a market cap of $89.90 billion, a P/E ratio of 27.47, a PEG ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.